Rasmala Investment Bank Limited (‘Rasmala’) a leading alternative investment manager, has announced the sale of two Amazon logistics assets in Dortmund, Germany for $155 million.
Gulf Islamic Investments were co-investment advisers on the Amazon transaction.
The assets are located in the new Dortmund logistics park which is strategically located for distribution operations with easy access to both eastern and western Europe.
Rasmala will retain its investment in another logistics centre let to a subsidiary of Decathlon, the sports goods retailer.
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The exit from this investment generated a total return of 30% in two years for investors.
Eric Swats, Senior Executive Officer at Rasmala commented: “Our real estate business continues to expand and we are currently acquiring new assets in Europe and the United States. We have successfully exited this investment and will generate significant returns for our investors.”
Naseer Aka, Head of Real Estate at Rasmala said: “We have seen a fantastic return on our investment in a short time period. In a very competitive environment, we maintain a proprietary deal flow and are able to underwrite transactions.”
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